Top 6 Stocks to Buy for October

These stocks represent good values and could make major moves higher this month

September, which historically is the worst performing month of the year, turned in an outstanding performance. Due to stimulation from the Fed, Europe, and China, the S&P 500 rose 2.4% with the energy, technology and telecommunications sectors leading the way — each up over 7%.

Following a major technical breakout, stocks usually experience a short (one-to-three-week) consolidation and then pick up the trend by shifting to sectors that lagged. For that reason, some of the stocks that I’ve chosen as good values in October lagged in September. But these are solid earners, showed buying in the last week of the month, and could make major moves higher in October.

But the overall market’s correction may not yet be over. The S&P 500 is off just over 2% from its high of 1,475, and could fall slightly under the breakout line at 1,418 for a total correction of almost 4%. Therefore, buyers should be patient. Decide what you want to buy and the price you are willing to pay and then wait. Let the market come to you.